UPDATE: Benchmark Raises PT on United Online on FTD Spin-Off Plan
May 20, 2013 at 12:24 PM EDT
In a report published Monday, Benchmark Company analyst Daniel L. Kurnos reiterated a Buy rating on United Online (NASDAQ: UNTD ), and slightly raised the price target from $7.00 to $7.50. In the report, Kurnos noted, “United Online is set to spin off its primary growth asset, FTD, by the